Global AI Conclave: Tens of thousands of Bengaluru's chip designers give India an edge in semiconductor industry, says Chip War author

Tens of thousands of chip designers in Bengaluru give India an extraordinary base to build on for its goal of becoming a significant part of the global value chain of semiconductors, Chip War author Chris Miller said on December 16. "For a big chip design or fabless firm you need two things: a capital market and a VC ecosystem willing to take the bet and a large user base," Miller said at the CNBC-TV18 and Moneycontrol Global AI Conclave. Read here

Take a look at these key events

Today
348th Martyrdom Day of Guru Teg Bahadur Sahebji
PM Modi to inaugurate Surat Diamond Bourse
PM Modi to inaugurate new integrated terminal building of Surat Airport
PM Modi to visit Varanasi to launch development projects
Union minister Piyush Goyal to chair Board of Trade meeting
PM Modi to flag off 2nd Vande Bharat train between Varanasi and New Delhi
Second phase of Kashi Tamil Sangamam to begin in Kashi
Bhutan to celebrate 116th National Day
Pakistan's election body likely to announce 2024 general election schedule
Tomorrow
Motisons Jewellers IPO to open for subscription
Suraj Estate Developers IPO to open for subscription
Muthoot Microfin IPO to open for subscription
Sovereign Gold Bond 2023-24 Series III to open
Vedanta dividend: Board to consider second payout of 2023-24
Congress to launch 'Donate for Desh' crowdfunding campaign
Delhi excise case: Court to pass order on Arun Pillai's interim bail plea

Broader indices at record highs, 67 smallcaps gain up to 32%

The seventh straight week rally in the Indian markets, which is the first time in last 3 years, helped the benchmarks to achieve fresh record highs led by supporting domestic and global data points, extended buying from FIIs, falling bond yields and crude prices and US Fed's dovish stance improved the investors sentiment. The BSE Small-cap index rose 9.7 percent with GTL Infrastructure, Coffee Day Enterprises, PTC India Financial Services, Mangalam Cement, Wockhardt, Inox Green Energy Services, Housing & Urban Development Corporation, Onward Technologies, Vikas WSP, Sandur Manganese and Iron Ores and Kiri Industries rising between 20-35 percent. Read more here

Want a lower interest rate on your home loan? Here’s how you can get it

You can negotiate with your bank for a reduction in interest rate on your existing home loan. The bank will charge you a fee for this so use an online home loan refinance calculator to figure out what you will save. Read more here

Muthoot Microfin IPO: Institutional investors buy Rs 285 cr shares via anchor book, issue opens on Dec 18

Microfinance institution Muthoot Microfin has mobilised nearly Rs 285 crore through its anchor book launched for a day on December 15, a day before the opening of the issue. The Rs 960 crore initial public offering by the microfinance company will open for subscription during December 18-20. The price band for the offer has been fixed at Rs 277-291 per share. Read here

We are working on smaller AI models with 7-20 billion parameters, says Zoho's Sridhar Vembu

Zoho is working on smaller artificial intelligence (AI) models that are based on 7 billion to 20 billion parameters to solve specific domain problems for its customers, the company's founder, Sridhar Vembu, said on December 16. Read more here

India's most Googled: Nostalgia, health concerns, social media push mango pickle to the top

In its annual roundup of top trending searches, Google reveals that the recipe for mango pickle has claimed the number one spot on India's list for 2023. Read more here